“If you are committing fraud against the American people, all of us in public leadership should be trying to stop it and throw you in prison for enriching yourself off the American taxpayer.”
— Vice President JD Vance, on Fox News.
Trump Remains Very Involved in His Businesses
Forbes: “For years, Trump and his family have maintained that, even though he continues to own his assets, the president is walled off from decision making inside the Trump Organization.”
“He is not.”
“Sure, first sons Eric and Don Jr. handle the day-to-day responsibilities, but the president still weighs in when he wants, according to those who have interacted with him directly. Sometimes, he gets involved in big-picture decisions, such as whether to sell a property. Other times, he digs into operational details, like golf-course landscaping, Mar-a-Lago maintenance and that watch logo. He talks business with his sons, his employees, his partners, even world leaders.”
Wall Street Finds New Edge Behind Trump’s Paywall
Axios: “Trump has transformed his second term into the most lucrative venture of his entire career, raking in more than $2.2 billion in 2025 from his family crypto empire, legal settlements and various licensing deals.”
”Truth API is the logical endpoint of that profiteering: the presidency’s unrivaled power to move markets, packaged and sold as a subscription.”
Treasury Sued Over Payouts to Trump Allies
“The U.S. Treasury Department was sued by a nonprofit group claiming the government is improperly withholding legal settlements that the Trump administration could use to cover payouts to pardoned Jan. 6 defendants and other supporters of the president,” Bloomberg reports.
FBI Agent Is Accused of Stealing Cryptocurrency
“An FBI counterintelligence agent has been charged with amassing about $1 million worth of cryptocurrency, largely by making unauthorized withdrawals from a criminal target overseas, according to court papers,” the New York Times reports.
Trump Will ‘Push Hard’ for Payout Fund
“President Donald Trump on Saturday said that he would ‘push hard’ to enact legislation that would offer payouts to people ‘badly treated’ by the Obama and Biden administrations, his latest threat to resurrect the controversial fund,” the Washington Post reports.
Said Trump: “It will immediately be back on the table, and I will get it done.”
”He added that he would keep Todd Blanche as acting attorney general if his nomination to run the Justice Department fails in the Senate, and blasted two GOP senators who blocked Blanche from advancing.”
GOP Lawmaker Returns Money After Donor Pardoned
“Rep. Ryan Mackenzie (R-PA) returned a donation to a man convicted of fraud in connection with the Jack Abramoff lobbying scandal following reporting that President Donald Trump pardoned him just three days after the contribution,” NOTUS reports.
Trump’s pardon power looks less like an instrument of mercy than a rewards program for people with political connections.
Will Republicans Pay for Trump’s Corruption?
“President Trump has made more money while in office than most of us can even conceive of. In 2025, he took in more than $2.2 billion,” the New York Times reports.
“Democrats intend to make a big deal of this in the midterm elections, by accusing Trump of corruptly using his office to enrich himself as consumer prices rise and inequality widens. A CNN poll released today found that nearly two-thirds of Americans thought Trump had gone too far in pursuing his personal business interests while president.”
Senators Urge SEC to Probe Trump Media
“Sens. Elizabeth Warren and Adam Schiff asked the U.S. Securities and Exchange Commission to investigate whether Trump Media & Technology Group is violating the law by selling faster access to President Donald Trump’s Truth Social posts,” CNBC reports.
Said the senators: “This appears to be an outrageous abuse of the President’s office for his personal benefit that undermines everyday investors and the integrity of our markets, while enriching Wall Street and other wealthy insiders.”
Payouts to Trump Allies Continue
“Two days before Senate lawmakers were scheduled to vote on advancing Todd Blanche’s nomination to serve as attorney general, a million-dollar payout was announced for an anti-abortion activist he has called a victim of government weaponization by the Biden administration,” the New York Times reports.
“The settlement given to Paul Vaughn, who was convicted by a Tennessee jury in 2024 of conspiring to prevent access to an abortion clinic, shows how the goal of a $1.8 billion fund announced in May can continue, despite a public retreat by Mr. Blanche. An already existing avenue for disbursing taxpayer money could allow him to assuage skeptical Republicans while fulfilling President Trump’s desire to pay people he believes were wronged by the Justice Department.”
Trump’s allies broke the law in his name. Now taxpayers are being asked to reimburse them for the consequences.
Megadonor Received Trump Pardon 3 Days After Donation
“President Donald Trump recently pardoned a major Republican donor three days after the man — a key figure in the Jack Abramoff fraud and lobbying scandal — made a political donation to Rep. Ryan Mackenzie (R-PA), who’s facing one of the nation’s most contested House races,” NOTUS reports.
Hawaii Lt. Governor Indicted in Political Bribery Case
“An Oahu grand jury indicted Sylvia Luke among four others on Friday in connection to an ongoing political bribery case,” KITV reports.
”The indictments made by a grand jury on Friday, July 24, are part of an investigation launched by federal and state authorities months ago into an alleged bribe taken by an ‘influential’ lawmaker back in 2022.”
Trump Admits Cutting Grants Over How States Voted
New York Times: “In little-noticed court documents, federal officials acknowledged this month that they had terminated the funding ‘based solely’ on political criteria, targeting projects in states that were represented by Democrats and had voted for Kamala Harris, the party’s presidential nominee, in the 2024 election.”
“The admission showed how President Trump has weaponized the provision of federal education, energy, health, housing and infrastructure aid in his second term. Far from rooting out the sort of misspending that Mr. Trump sees as rife in Washington, the White House has instead sought to leverage the budget as a tool to assist its allies — or as a cudgel to hurt the president’s foes.”
Blagojevich Wants Trump to Pardon Politician On the Lam
“Rod Blagojevich, the former Illinois governor President Donald Trump pardoned last year on federal corruption charges, is now seeking clemency on behalf of a similarly disgraced political figure: a suburban Chicago councilman who authorities say fled the country just days before his 2005 sentencing in a vote-buying scheme,” NBC News reports.
Don Jr.’s Investment Firm Posts Staggering Returns
New York Times: “Dating back to the first Trump administration, members of the Trump family have faced criticism for mixing business with politics. But what sets apart the latest moves by Donald Trump Jr. is how he and Mr. Malik, through 1789 Capital, are cashing in on the policies of the current administration openly and without apology.”
“Many of the companies that 1789 has invested in have large government contracts while others, like Polymarket, have benefited directly from new Trump policies or rollbacks of existing laws. The firm bought shares in some of the most coveted private companies before many went public, including SpaceX, Anduril, Cerebras and Reflection AI, often by leveraging their political and business connections to secure a stake or to help boost the companies’ sales.”
“Just two years ago, 1789 managed a few hundred million dollars. It now oversees more than $3 billion. Its main investment fund generated returns of roughly 200 percent as of June 30, according to a person familiar with the firm’s performance.”
Justice Department Quietly Investigating Cory Mills
“The Department of Justice is conducting a criminal investigation into Rep. Cory Mills (R-FL), according to two sources familiar with the matter, adding to the mounting legal and ethical scrutiny facing the embattled congressman,” MS NOW reports.
“The sources didn’t disclose the focus of the DOJ investigation. But a third source told MS NOW at least one person was contacted by the FBI last year about Mills’ finances, allegations of misconduct and individuals in his orbit.”
Companies in Don Jr. Fund Win Federal Contracts
“A short drive from President Donald Trump’s Mar-a-Lago Club, in a small office a block from the beach, sits the headquarters of 1789 Capital, a firm founded just a few years ago with plans to invest in businesses aligned with conservative values,” CNN reports.
“Since Donald Trump Jr. joined as a partner shortly after his father’s reelection, 1789 Capital has rapidly grown to manage billions of dollars in assets with a strategy that closely reflects the president’s policies.”
“Companies backed by 1789 Capital have also significantly increased their federal funding under the Trump administration.”
Senate Opposes Pardon for Sam Bankman-Fried
“The Senate unanimously passed a resolution Wednesday declaring that FTX founder Sam Bankman-Fried should not receive a pardon,” The Hill reports.
“Bankman-Fried, who was sentenced to 25 years in prison on fraud charges tied to the collapse of his cryptocurrency exchange, officially requested a pardon from the Trump administration in early June.”
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